NOT LISTED FOR SALE

Estimated Value: $522,048 - $612,000

8 Beds
4 Baths
3,540 Sq Ft
$161/Sq Ft Est. Value

Last Sold August 01, 2012

Last sale price $226,000 $64 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $4,333/month

Highlights

  • Eat-In Kitchen
  • Water Softener is Owned
  • Laundry Facilities
  • Property is near a bus stop
  • Family Room

About This Home

As of August 2012

Exceptional 4 units with great tenant history, Owner Managed. Solid brick building with positive cash flow . Excellent location within walking distance to Warner Park and award winning North Side farmers market. Newly remodeled, roof 2007 and Waterproofing System with Dual Sump Pumps in 2008. Off-street parking, coin laundry and basement storage. Listing broker is owner, some seller financing is avalable.

Last Agent to Sell the Property

Kelly Thompson

South Central Non-Member License #56509-90 Listed on: 06/11/2012

Last Buyer's Agent

Josh Lavik

EXP Realty, LLC License #56640-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 10,162

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 6 Open Parking Spaces
  • Outside Parking

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • 10,162 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $17,500

Listing and Financial Details

  • Assessor Parcel Number 0809-364-0326-3

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Noi Year: 2011
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Sump pump
  • Number Dryers: 2
  • Number Furnaces: 1
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 16140

Schools

  • School District: Madison
  • Elementary School: Emerson
  • Middle School: Sherman
  • High School: East
  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Lot Sq Ft: 10162
  • Estimated Aces: 0.23
  • Zoning: R4
  • Lot Size: .23
  • Geo Subdivision: WI

Rental Info

  • Total Income: 33640

Tax Info

  • Land Assessment: 56100
  • Improvements: 196400
  • Total Assessment: 250500
  • Assessment year: 2012
  • Net Taxes: 5740
  • Tax Year: 2011
  • Assessor Parcel Number: 0809-364-0326-3

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2012
Closed on
Aug 8, 2012
Sold by
Dersch Erik
Bought by
Dersch Properties Llc
Seller's Agent
Kelly Thompson
South Central Non-Member
Buyer's Agent
Josh Lavik
EXP Realty, LLC
List Price
$239,900
Sold Price
$226,000
Premium/Discount to List
-$13,900
-5.79%
Current Estimated Value
$568,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,762
Avg. Annual Appreciation
7.00%
Original Mortgage
$169,500
Outstanding Balance
$117,728
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$432,264

Purchase Details

Listed on
Jun 11, 2012
Closed on
Aug 1, 2012
Sold by
Martinson Danny Ray
Bought by
Dersch Erik
Seller's Agent
Kelly Thompson
South Central Non-Member
Buyer's Agent
Josh Lavik
EXP Realty, LLC
List Price
$239,900
Sold Price
$226,000
Premium/Discount to List
-$13,900
-5.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Outstanding Balance
$117,728
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$432,264

Purchase Details

Closed on
Mar 1, 2006
Sold by
Martinson Diane Lynn
Bought by
Martinson Ray
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dersch Properties Llc -- None Available
Dersch Erik $226,000 None Available
Martinson Ray -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dersch Erik $169,500
Previous Owner Martinson Danny Ray $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2012 08/01/12 Sold $226,000 -5.8% $64 / Sq Ft
06/27/2012 06/27/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $239,900 -- $68 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,943 $455,000 $81,000 $374,000
2023 $7,680 $425,000 $76,000 $349,000
2021 $7,116 $335,000 $63,000 $272,000
2020 $6,886 $310,000 $63,000 $247,000
2019 $6,583 $295,000 $63,000 $232,000
2018 $5,935 $267,000 $62,100 $204,900
2017 $5,683 $247,000 $62,100 $184,900
2016 $5,841 $247,000 $56,100 $190,900
2015 $5,902 $233,000 $56,100 $176,900
2014 $5,567 $233,000 $56,100 $176,900
2013 $5,741 $226,000 $56,100 $169,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1658003

South Central Wisconsin Multiple Listing Service

APN: 0809-364-0326-3